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Goldman Sachs analysts upgraded their growth forecast on China from 4.7% to 4.9% for this year, close to officials' target of around 5% growth.
(November 2024) This is a list of countries by estimated future gross [ clarification needed ] central government debt based on data released in October 2020 by the International Monetary Fund , with figures in percentage of national GDP .
With China's 2014 GDP being US$ 10,356.508 billion, [14] [15] this makes the government debt of China approximately US$ 4.3 trillion. The foreign debt of China, by June 2015, stood at around US$ 1.68 trillion, according to data from the country's State Administration of Foreign Exchange (SAFE) as quoted by the State Council . [ 16 ]
Last year, China also set an “around 5%” target, in what was then the country’s lowest numerical target announced in decades. Earlier this year, it said economic growth had reached 5.2% in 2023.
The International Monetary Fund (IMF) warned of a possible decline in China's property market. In a 2024 report, the IMF forecasted China's growth at 4.8 percent for the year, which is 0.2 percentage points lower than its July estimate. For 2025, growth is expected to be 4.5 percent. [115]
China’s economy expanded by 5% year on year in 2024, with an upswing in the final quarter of the year, as a flurry of stimulus measures kicked in and helped meet Beijing’s growth target.
[1]: 81 A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the future. Examples include debt securities (such as bonds and bills), loans, and government employee pension obligations. [1]: 207 Net debt equals gross debt minus financial assets that are debt instruments.
Next year will be the most dynamic, most transitional, ... What will the economy be like in 2024? Here are 10 predictions - Vantage Point. Gannett. Eli Amdur. December 24, 2023 at 1:56 AM.